EQT announces workforce reduction of ~15% with $165M-$185M in pre-tax charges

EQT Corp

Workforce reduction of 15% as part of Equitrans integration; includes former Equitrans executives and senior employees.
Expected pre-tax charges of $165M-$185M for employee-related costs, with $155M-$170M recorded in Q3 2024.
Cash expenditures of $55M-$75M, substantially all in Q3 2024.
Eliminated positions represent ~$80M in annualized G&A cost savings.

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